trending Market Intelligence /marketintelligence/en/news-insights/trending/Mm-P6K0zuaRP75PmoJHpOA2 content esgSubNav
In This List

Paramount Group gets board OK to buy back up to $200M of common shares

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective

Blog

Insights Weekly: Midstream sector gains; loan growth momentum; insurance M&A on the rise


Paramount Group gets board OK to buy back up to $200M of common shares

Paramount Group Inc. plans to repurchase up to $200 million of its common shares from time to time.

The company's board authorized the buybacks, which will be made in the open market or in privately negotiated deals, subsequent to the second quarter.

The company also increased its ownership interest in a 661,000-square-foot, class A office building in San Francisco, valued at $517.5 million, to 31.1% from 3.1%. 50 Beale St. is 78.2% leased, with an existing $228.0 million 3.65% fixed-rate loan due 2021 on the property.